Craig,
My, how times change.
You said yesterday, "On 3/5/2000, I sold some SNDK shares for $156.75 each."
But on Feb 9, 2000, you said,
<<Binx, I still haven't figured out if you are short or long on SNDK.
After reading several of your posts in a row, I have to ask whether you own a single SNDK share, are short a few shares, or what. A little honestly on the 'Net is always appreciated.
At one time, I had this nicely balanced portfolio ... with several hundred shares of SNDK making up a small part of that portfolio. A year later, SNDK has moved from "next-to-nothing" to become my #2 holding.
Me, they are going to have to pry almost $35K+ worth of SNDK shares from my cold, dead hands. And I wish I had all the shares I sold before (in retrospect, it was like giving away the winning lottery ticket).
Craig>>
Message 12826764
Yeah, the price of Sandisk's stock has dropped precipitously since 3/00, but in case you haven't noticed, so have the prices of hundreds, maybe thousands of other stocks as well, many even worse than Sandisk's, and many without either the cash or the leadership position in a sector that will surely see strong growth when consumer spending returns.
I know it sounds quixote to say that right now, but so it goes. This board didn't do a good job of seeing the top, any more than most boards in other high flyers, or, for that matter, any more than most "professional" analysts did in this or many other stocks. Just look at CMGI to JDSU to ITWO, just to name a couple of others in diverse tech sectors. The "averages" are misleading both at the top and the bottom, I'm not going to dwell on the devastation. We probably won't do a particularly good job of seeing the bottom either.
It is encouraging to see so much negative sentiment.
Sam |
